40 million
10000
200000000
Yes. It doesn't make a difference whether you actually need it or not.
50%
These days, there are many elderly people who depend on social security as a main source of income. For some people, social security benefits are their only form of income. If this is your case, then you will not be required to pay taxes on your social security benefits. Social security benefits that are the only source of income for an individual do not need to be taxed. However, if your modified adjusted gross income exceeds the limit set forth by the IRS, then your social security benefits will be taxed. For a single person, the income amount is set at $25,000.
You can find out how many Social Security credits you have earned by creating an account on the Social Security Administration's website and checking your earnings record. The number of credits you have earned will determine your eligibility for Social Security benefits.
what is the average social security payment for all people that are retired
Only if the person works and has paid into Social Security.
a time when many people are out of work and business is poor
0.98
The social security offices in each state provide many services to the public. Here one can register and obtain a social security card and apply for social security benefits among many other things.
No one will get it. Your parents paid for other people's social security. Just as younger people pay for your parents. Your parents do not have a balance for their social security. The government pays eligible people a certain amount until they die.